Business fuel cards save time and money while also providing extra advantages to increase fleet efficiency, but are you getting everything you should be?
1) Save money for your company
One thing is certain: using corporate fuel cards will save you money.
A fuel card can assist you in this endeavour by:
- Accessing an accessible fuel card network may make your fleet more efficient by reducing deviation off route.
- Your drivers may save money per litre by refuelling at low-cost gas stations.
- One nationwide average price.
2) Online account administration
Some extra benefits should come as part of your business fuel card package for free. In contrast, others will cost you extra money. Access to an online account management tool is a free advantage that gives you 24/7 access to your account, allowing you to check your company’s fuel consumption whenever and wherever you choose. You can also make immediate changes, such as blocking a card if it’s been lost or stolen, ordering a new card, or cancelling an existing card.
3) You have complete control over your fuel purchases
Have you ever felt that your fuel spending was out of your control? With a corporate fuel card, you can restrict specific purchasing categories. These purchase limits offer you more control over what your drivers can buy, from the sort of fuel they can buy to specific vehicle-related items like oil. They help you keep expenses down by giving you more control over what they can buy.
4) Ease of use
Business fuel cards should make it easier to keep track of expenditures. You should be able to properly report on your company fuel consumption using a business fuel card without having to worry about the finer details like what fuel your drivers use to fill up their vehicles or their private vehicle miles.
5) VAT observance
We’re all aware that dealing with company costs may make reclaiming VAT a pain. However, with a fuel card, the procedure is simplified because you’ll receive a single HMRC-compliant VAT invoice. This eliminates the need for your drivers to retain receipts, and misplaced VAT becomes a thing of the past.
6) Obtain precise reporting
For the most part, reporting should be a quick and straightforward process; you should be able to get transaction data with a single click and at a time that is convenient for you.
This is possible owing to the adoption of online account management tools by fuel card companies. You should be able to schedule reports and have trust in the data supplied, saving your company time and money due to the information obtained.
7) A solution that is unique to you
When introducing business fuel cards into your company, keep in mind that one size does not fit all. Consider what your company requires from a fuel card, and the fuel card provider should be able to provide you with a variety of options. Consider if your company would benefit from a closed network of low-cost, local fuel stations, or whether your fleet needs the flexibility of a worldwide network or both.
If you have recently invested in company cars, why not enquire about fuel cards to make your fleet run more smoothly? Fuelcards.com are a leading fuel card supplier in the UK and Ireland and help many business fleets. Get in touch today to see what we can do for your business.
